Contentious Ethereum Fund Recovery Proposal Continues To Spark Debate

The Ethereum Improvement Proposal (EIP) that led to the resignation of an EIP editor over his personal legal concerns has been closed, but an identical proposal has been reopened on Github to relatively negative fanfare.

The original EIP proposal #867 was introduced by Musiconomi developer Dan Phifer as an option for how to more easily modify the Ethereum (ETH) Blockchain to redistribute address balances in the circumstance of lost funds.

EIP editor Yoichi Hirai had criticized the draft for what he saw as its violation of a Japanese law about the creation of electromagnetic records, as well as it being “at odds with Ethereum philosophy.”

When the original proposal was closed, the Ethereum Reddit community responded positively in a thread that congratulated the community, one user calling it a “big win for the Ethereum community and network.”

Comments on Github on the opened version of proposal #867 showed the polarity of users’ views on standardizing lost fund recovery.

User oxidizer called the proposal a “Trojan horse for Ethereum,” writing that “adding a recovery mechanism, no matter the amount of refinement and “safeguards” put in place, weakens the protocol.” […]

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